Understanding how to manage business finance
What you will learn
Understanding financial statements
Understanding the drivers for profit and loss statement
How to develop a profit and loss statement
Understanding key profit and loss metrics: operating profit margin, net profit margin and breakeven point
Understanding the basics of tax planning
Understanding the drivers for balance sheet
How to develop the balance sheet
Understanding the drivers in the cashflow statement
How to develop a cash flow statement
Analysing the elements of the Cash Flow Statement
Understand how to manage your cash flows including the concept of working capital
Understanding the importance and basics of book-keeping
Understanding how to budget and budgeting best practices
Understand how to re-invest for business sustainability
Key principles on managing and projecting your finances to update your business plan
Description
As a business owner, you must be financially literate and have a good grasp of the financials behind your business. It is at the heart of everything. After all, a business must generate a profit, manage its costs and be able to attract investors. You must be aware of the drivers behind your sales, your cost, your margins, forecasting into the future, your liabilities, assets and how to finance your business. Learning about finance can enable you to make better decisions, negotiate more effectively, and grow your business.
All entrepreneurs need to know everything from marketing to operations, product placement and design, and, of course, finance. You do not need to be an accountant or financial expert in order to budget, do your book keeping, taxes, calculate price points, and project revenues and costs well into the future to ensure continued success. Join this course today and position yourself for unique learning on all these concepts from experts, and access a wealth of knowledge, continuous learning and development and templates as resources on the curse and on the Enterprise Collaboration Lounge on Trello and Slack.
This certified course is one of 7 courses in SKILL-UP FOR YOUR BUSINESS.
At end of the courses, you should have a comprehensive understanding of product/service development and provision, business operations, sales and marketing, ownership, management and control, business structures, financial forecasting and financing plan and have a strong business plant to act as a roadmap for continued business scale and success.
All participants follow a three-step process to join our entrepreneurship ecosystem:
Β· Sign Up and Complete Registration Form:
Β· Complete the course, end of course evaluation formΒ and log your learning in your enterprise learning log
Β· Join the Enterprise Collab Lounge
Content